Eurozone Slips Into Recession As High Prices And Energy Crisis Take Toll

European economy contracted slightly for two consecutive quarters due to loss of Russian natural gas, high inflation, and drop in consumer spending.
Southern European economies outperformed while large economies like Germany and Netherlands declined and France grew slowly.
Stubborn inflation caused cost of living crisis and considerable drop in consumer spending.
Russian sanctions burdened Europe with higher food and energy prices leading factories and steel mills to close.
Eurozone producing less value and higher unemployment than US as businesses protest climate policies and constant crises plague Europe.